i-law

LLR: Insurance & Reinsurance

FEDERAL-MOGUL ASBESTOS PERSONAL INJURY TRUST v FEDERAL-MOGUL LTD AND OTHERS

[2014] Lloyd's Rep IR 671

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr Justice EDER

Reinsurance – Duty of reinsurers under policy to act in a businesslike fashion in the spirit of good faith and fair dealing – Whether claimants against the assured could seek declaratory relief as to the obligations of the reinsurers – Meaning of reinsurers’ duty.

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